Centerbridge Acquires Senvion

The wind turbine manufacturer Senvion SE, previously part of the Indian group Suzlon Energy Limited, has changed owners. Centerbridge Partners, L.P., through its Centerbridge Capital Partners private equity investing strategy, has completed the acquisition of Hamburg-based Senvion.

All the necessary administrative, legal and financial preparations for the transfer of ownership are now completed. The relevant antitrust authorities have approved the transaction.

Andreas Nauen, CEO of Senvion, said: “We are very excited to welcome Centerbridge as our strong new partner. Together, we will take even greater advantage of our potential in the wind energy market. With its leading product portfolio, market position and by leveraging Centerbridge’s strong network, Senvion is now very well placed to benefit from the continued shift towards renewable energy and to continue our course of profitable growth. We will continue to expand our onshore market share, both in our top five markets of Germany, the UK, Australia, Canada and France and in other target markets and will also cement our strong position in the offshore market.”

Stefan Kowski, Managing Director at Centerbridge, said: “Senvion is a highly innovative company with outstanding technology, a leading market position and an experienced, committed workforce and strong prospects. By working closely with the management, we want to help to further accelerate the company’s growth plans by investing in product development, service excellence and expansion in new markets.”

Image: Senvion

Photo:

Related news

List of related news articles